MILWAUKEE - Firstar Corp. plans to add an income-oriented balanced mutual fund to its Portico proprietary fund stable by yearend.

"It will be a combination of our growth and income equity philosophy and our intermediate bond fixed-income style," said Mary Ellen Stanek, president Firstar Investment Research and Management, adviser to the fund.

The new fund will be called the Portico Balanced Income Fund, and will be available in both retail and institutional shares. The family's current balanced fund, with $121 million in assets, will be renamed the Portico Balanced Growth fund, Ms. Stanek said.

- Compiled by Scott Hensley

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.